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The asset, liabilities, and equities of Davidson Design Studio have the following balances at December 31, 2018. The retained earnings was $30,000 at the beginning of the year. At year end, common stock was $19.000 and dividends were $61,000. (Click the icon to view the account balances.) Prepare the income statement for Davidson Design Studio for the year ending December 31, 2018. Data Table S 9,600 $ 71,200 22.000 Notes Payable Rent Expense Cash Office Supplies Salaries Expense Property Tax Expense 4,100 4,600 Office Furniture Utilities Expense Accounts Payable Service Revenue Accounts Receivable Miscellaneous Expense 7,100 3,700 179,800 62.000 5,400 1.200 3,500 Print Done Net Income